Energy tax

An energy tax is a tax that increases the price of energy (Fisher et al., 1996, p.416). Arguments in favour of energy taxes have included the pursuit of macroeconomic objectives, e.g., fiscal deficit reduction in the 1990s, as well as environmental benefits, i.e., reduced pollution (Nellor, 1994, p.1). A weakness of energy taxes is that they impose a burden (or cost) in the form of reduced economic output and employment (p.19).

United States

In 1993, then President Bill Clinton proposed a BTU tax. A BTU tax is a type of energy tax (Baron, 1997, p.14). The tax would have taxed all fuel sources based on their heat content except for wind, solar, and geothermal. It was never adopted. The BTU tax passed the House, but was rejected by the Senate in light of the lobbying effort mobilized against its adoption. The rejected proposal was watered down, as the Clinton administration tried to salvage their efforts by offering to exempt manufacturers and base the tax on the cost rather than the heat content of energy. Many of the House Democrats who voted for the tax and who lost their seats in the 1994 midterm election, blamed their loss on their vote for the BTU tax. Getting "BTU'd" became Beltway slang at the time for those who lost reelection by voting for the controversial proposal.

Sustainable energy

Sustainable energy is energy obtained from non-exhaustible resources. By definition, sustainable energy serves the needs of the present without compromising the ability of future generations to meet their needs. The organizing principle for sustainability is sustainable development, which includes the four interconnected domains: ecology, economics, politics and culture.Sustainability science is the study of sustainable development and environmental science.

Energy tax

An energy tax is a tax that increases the price of energy (Fisher et al., 1996, p.416). Arguments in favour of energy taxes have included the pursuit of macroeconomic objectives, e.g., fiscal deficit reduction in the 1990s, as well as environmental benefits, i.e., reduced pollution (Nellor, 1994, p.1). A weakness of energy taxes is that they impose a burden (or cost) in the form of reduced economic output and employment (p.19).

United States

In 1993, then President Bill Clinton proposed a BTU tax. A BTU tax is a type of energy tax (Baron, 1997, p.14). The tax would have taxed all fuel sources based on their heat content except for wind, solar, and geothermal. It was never adopted. The BTU tax passed the House, but was rejected by the Senate in light of the lobbying effort mobilized against its adoption. The rejected proposal was watered down, as the Clinton administration tried to salvage their efforts by offering to exempt manufacturers and base the tax on the cost rather than the heat content of energy. Many of the House Democrats who voted for the tax and who lost their seats in the 1994 midterm election, blamed their loss on their vote for the BTU tax. Getting "BTU'd" became Beltway slang at the time for those who lost reelection by voting for the controversial proposal.

Latest News for: Clean energy tax

He seeks to accomplish his plan's goals through tax incentives for using clean technologies and more renewable energy in electricity delivery, vehicle manufacturing and construction of new buildings; deploying natural resources -- wind and solar -- on public lands; implementing a new standard for clean cars; and promoting alternative fuels....

Some residents praise wind farms for their economic benefits, the taxes they pay and their generation of what they see as clean, renewable energy... Two other wind farms are also paying property taxes, according to the Atchison CountyDevelopment Corp ... Atchison County offered enhanced enterprise zone tax incentives to attract wind-energy companies....

Shaheen and Hassan joined other senators in sponsoring the CleanEnergy for AmericaAct, which would provide a much-needed overhaul of tax incentives for cleanenergy investment while repealing subsidies for fossil fuels ...Tax incentives for cleanenergy have been around for nearly ......

Thanks to federal cleanenergytax incentives and supportive state policies, renewable energy production has increased dramatically over the past decade ...Cleanenergytax incentives have proven to be an effective policy tool for reducing carbon emissions and bringing new ......

... and toward 100 percent cleanenergy ... It would require an initial&nbsp;$1.5 trillion investment that O’Rourke says would be leveraged to mobilize $5 trillion in public and private capital for everything from research and development to tax credits for cleanenergy innovators....

Wells FargoRenewableEnergy & Environmental Finance (REEF) was named bank sector tax equity investor of the year by in the publication’s 16 th Annual Deals and Firms of the Year Awards ...cleanenergy, deploying billions in financing and tax equity investments to U.S....

John Thune (R-SD) and Debbie Stabenow (D-MI) both of whom are reliable supporters of tax breaks for cleanenergy sources and producers in their states ... Representative Tom Reed (R-NY) is–in his words—spearheading legislation to offer a tax incentive for new cleanenergy ......

You might remember that Portland voters passed the Portland CleanEnergyInitiative —a first-of-its-kind plan to use a new business sales tax to fund projects that both promote sustainability and benefit people of color and low-income Portlanders—last November....

Requiring large utilities to automatically sign customers up for environmentally-friendly energy could, in a twist of fate, erode support for substantive policies like a carbon tax... But when they were also given the option of approving the clean-energy nudge, boom, support for the tax dropped to 55 percent....

Cory Gardner of Colorado, who has a tough re-election fight in a state with some of the nation’s most aggressive clean-energy goals, said in a hallway interview that he, too, opposes taxing carbon emissions. Several major fossil energy companies do support a carbon ......

Some residents praise wind farms for their economic benefits, the taxes they pay and their generation of what they see as clean, renewable energy... Two other wind farms are also paying property taxes, according to the Atchison CountyDevelopment Corp ... Atchison County offered enhanced enterprise zone tax incentives to attract wind-energy companies....